Bipartisan Policy Center.

2017 04 – Bipartisan Policy Center – Improving Insurance Regulation – 68p
This paper is a product of the Financial Regulatory Reform Initiative (FRRI) at the Bipartisan Policy Center. Since 2012, FRRI has been assessing the progress of post-financial crisis reform to determine what is and what is not working and making recommendations to improve the financial regulatory system.
Improving Existing Federal Oversight
- 2. Monitor State Regulation-Congress should require an annual report from FIO on the activities and governance of the NAIC and state insurance regulation and hold hearings on each report.
- 3. Make NAIC Policymaking More Transparent-The NAIC should adopt Administrative Procedures Act (APA)-like standards and Government in the Sunshine-like standards to ensure greater transparency in policymaking.
Task Force Members
- Robert E. Litan – Adjunct Senior Fellow, Council on Foreign Relations
- William H. McCartney – Former President of the NAIC and Nebraska Director of Insurance
Project Co-Chairs
- Martin N. Baily – The Bernard L. Schwartz Chair in Economic Policy Development and Senior Fellow and Director of the Business and Public Policy Initiative at the Brookings Institution, and a former Chairman of the President’s Council of Economic Advisers
- Phillip L. Swagel – Professor at the School of Public Policy at the University of Maryland, and a former Assistant Secretary for Economic Policy at the Treasury Department